Energy-as-a-service Industry Procurement Outlook
The global EaaS market was valued at USD 59.3 billion as of 2020 and is expected to grow at a CAGR of 8.9% over the forecasted period till 2027.
Due to growing complexities in energy technologies, customers from different sectors namely: Commercial, Institutional, and Industrial are moving towards outsourcing the service. Resilience, sustainability, and decarburization are also encouraging customers to move out from in-house development. Customers have cited their limited ability to focus on non-core capital expenditure and reluctance to engage in long-term contracts, though they are seeking quick ROI. Hence the suppliers are developing Energy-as-a-service (EaaS) solutions and offering unique financing options to meet client demand.
Energy-as-a-service is an appealing proposition for customers across large, medium, and small businesses. Across all customer segments, an EaaS deal enables customers to transfer risk, simplify operations, and focus on their core business while meeting their efficiency, sustainability, or resilience goals. Through EaaS, customers can also redirect CAPEX resources to critical areas of operation and realize potential immediate cash flow and off-balance-sheet treatment of the transaction.
EaaS Industry Service Outlook
- Supply services
- Demand Services
- Energy Optimization Services
EaaS Industry End-user Outlook
- Industrial
- Commercial
Grab your copy, or request for a free sample of the “Energy as a Service Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.
Energy-as-a-service Industry Demand Outlook
Few Factors Driving the Growth of EaaS Industry are –
- An increase in Distributed Energy Resources (DER)
- Tax benefits for energy efficiency projects
- New revenue generation streams for utilities
- A decrease in the cost of renewable power generation and storage solutions
Europe is projected to remain as the largest regional segment for energy as a service, at a market share of 41.85% in 2028, owing to the presence of the intelligent building and building automation vendors in the utility and space.
Key players in the region are inclined towards reducing costs for delivering services and enhancing the customer experience as per their needs. Asia Pacific is expected to witness the highest market growth due to the rise in large enterprises. For instance, in 2019, India had more than 300 proposed smart cities projects worth $2 billion.
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
- Rate Benchmarking
- Salary Benchmarking
- Supplier Newsletter
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Browse through Grand View Research’s collection of procurement intelligence studies:
Accounting Services Market Procurement Intelligence– The global accounting services market is valued at USD 540 billion in 2020 and it is expected to grow at a CAGR of 5% from 2020 to 2025 and reach the value of USD 730 billion in 2025.
Activated Carbon Market Procurement Intelligence – The global activated carbon market is valued at USD 6.5 billion as of 2020 and is expected to grow at a CAGR of 17.5% till 2025.
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